The joint announcement simply states that, “Once AGI is declared by OpenAI, that declaration will now be verified by an independent expert panel.” If OpenAI says it has an AI smart enough to rival humans, Microsoft won't just take their word for it.

To achieve this restructuring, Altman needed to renegotiate the terms of OpenAI’s agreement with Microsoft, its largest investor. In a joint statement, the companies said that Microsoft now owns roughly 27 percent of OpenAI Group, valued at roughly $135 billion, slightly more than the OpenAI Foundation.

The updates were part of a series of announcements geared toward wooing developers to OpenAI’s ecosystem, including the launch of an agent-building tool and the ability to build apps in ChatGPT.

OpenAI has recapitalised, with its non-profit arm now holding $130 billion in equity in its for-profit arm, ahead of a possible IPO move.

The ChatGPT-maker is restructuring to command a for-profit business in addition to its nonprofit foundation amid changes to its partnership with Microsoft.

UBS called Microsoft’s revised agreement with OpenAI “a positive,” saying the $250 billion commitment provides stronger visibility into future Azure cloud revenue and reaffirms Microsoft’s central role in the generative AI ecosystem.

PayPal is adopting the Agentic Commerce Protocol (ACP), an open source specification developed by OpenAI that lets merchants make their products available within AI apps, consequently enabling users to shop using AI agents.

The new agreement maintains Microsoft as OpenAI’s frontier model partner and preserves Microsoft’s exclusive rights to OpenAI’s IP and Azure API exclusivity until the threshold of AGI is reached. Under a previous arrangement,

When Bill Gates cautioned Satya Nadella that Microsoft Corporation's (NASDAQ:MSFT) $1 billion OpenAI investment could go up in flames, few could have imagined it would turn into a $135 billion stake.

An applied researcher who moved from OpenAI to Meta Superintelligence Labs tells BI what it takes to get hired at a top AI lab.